Universal announced Michael DeLuca and Dana Brunetti will bring the S&M relationship of billionaire Christian Grey and college graduate Ana Steele to life.

From the press release:

De Luca and Brunetti will produce the film based on E L James’ #1 Bestselling book alongside James. The announcement was made by Universal Pictures Co-Chairman, Donna Langley and Focus Features’ Chief Executive Officer, James Schamus.

“I am thrilled that Mike has joined Team Fifty,” said E L James. “He brings a passion for and in-depth understanding of the characters and story, and a wealth of experience in making quality films.”

Previously, Brunetti and DeLuca worked together on both "The Social Network" and the upcoming "Captain Phillips" featuring Tom Hanks.

No word on a director, writer, or casting news yet. Though, we've done our share of speculating on the cast here (and here).